Nirmala Sitharaman, the union finance minister, spoke out in favor of teaching financial literacy in schools and colleges on December 29 (PTI).
It’s crucial to begin teaching financial literacy quick, she said. The Finance Minister stated during a conversation with students at A M Jain College here that it was currently being taught outside the classroom on the subject of “Transforming India Into The New Decade.”
“You have organizations like the RBI, SEBI, and a few national security depositor.” If you want to get financial literacy classes, they are also available online and last for a few weeks. But as part of the curriculum, she said, it should be taught in schools and universities.
In response to a query, Sitharaman said that if the goal was to establish itself as the production hub, there was no harm in importing raw materials or auxiliary goods for an expanding economy.
Because it generates income, I would prefer to have more imports than goods. But why not if goods are going to eventually boost your export? If goods are present, it can be beneficial at times, she said.
In addition to making budgetary provisions to promote indigenous production of defense equipment needed for our armed forces, Sitharaman said the Center made sure that the MSMEs ‘ products were approved by the American army in order to accomplish exports. Additionally, she added, a system for buying goods for ten years was in position.
Sitharaman cited Rajnath Singh, the defense minister, as saying that the exports of defense gear, which this year totaled Rs 20,000 billion, were likely to reach the target of Rs 24, 000 crore in three months.
In response to a different query, the Union Minister stated that discussions were ongoing with the African nations of Russia and Sri Lanka regarding diplomatic deal in Indian rupees.
She asserted that artificial intelligence (AI) would not replace jobs as previously thought, but rather that it would allow for the emergence of skilled labor to meet the challenges in a variety of fields.
“You need people who are experts in AI.” You must create the equipment necessary to take advantage of AI’s potential in order to apply it. Naturally, individuals like you students may carry it out, Sitharaman said.
According to the Finance Minister, selected new site knowledge that emerge would produce a wide range of people and skills that could be used to exploitAI. ROH PTI JSP
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